v3.24.1.1.u2

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash	$ 32,946	$ 133,182
Investments - restricted	1,042,418	1,029,256
Accounts receivable	2,868,769	2,953,497
Other current assets	250,197	235,242
Total current assets	4,194,330	4,351,177
Property and equipment, net of accumulated depreciation of $175,800 and $170,854	24,110	26,463
Intangible assets -amortizable	89,672	110,425
Total Assets	4,308,112	4,488,065
Current liabilities
Accounts payable and accrued liabilities	4,562,392	3,555,630
Acquisition liabilities	0	12,500
Deferred revenue	368,760	191,766
Accrued settlement	2,476,926	2,476,926
Bank overdraft	75,790	0
Convertible notes payable, related party, current	800,000	800,000
Total current liabilities	13,430,457	11,493,038
Convertible notes payable, related party	1,924,000	1,529,973
Total Liabilities	15,882,217	13,636,311
Commitments and contingencies	0	0
Stockholders' equity (deficit)
Common stock, $0.001 par value, 490,000,000 shares authorized, 182,492,221 shares issued and outstanding at March 31, 2024 and December 31, 2023	182,493	182,493
Preferred stock, Series A; $0.001 par value, 1,000,000 shares authorized, 223,333 shares issued and outstanding at March 31, 2024 and December 31, 2023	223	223
Additional paid-in capital	5,491,652	5,868,972
Accumulated deficit	(17,248,473)	(15,199,934)
Total stockholders' equity (deficit)	(11,574,105)	(9,148,246)
Total liabilities and stockholders' equity (deficit)	4,308,112	4,488,065
Nonrelated Party [Member]
Current liabilities
Loans payable, current	3,968,349	3,459,516
Loans payable, related party, current	3,968,349	3,459,516
Loans payable	200,000	200,000
Loans payable, related party	200,000	200,000
Related Party [Member]
Current liabilities
Loans payable, current	1,178,240	996,700
Loans payable, related party, current	1,178,240	996,700
Loans payable	327,760	413,300
Loans payable, related party	$ 327,760	$ 413,300

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Vado Corp. 10-Q